MBFA Hosts Muni Bonds Education Seminar & Fly-In With Congress and Staff of the NEC

Last week, the Municipal Bonds for America (MBFA) Coalition increased its advocacy efforts for the support of municipal finance and the tax exemption on Capitol Hill.  In addition to its annual educational seminar for Hill staff, the coalition also held discussions with staff at the National Economic Council (NEC), and hosted a fundraiser for Representative Richard Neal of Massachusetts.

On Monday, September 24th, the MBFA Coalition held two educational seminars on Capitol Hill for House and Senate staff, and other interested parties on the importance of preserving the tax-exemption for municipal bonds. MBFA Executive Chair Steve Benjamin, Mayor of Columbia, S.C., and current president of the U.S. Conference of Mayors presided over the events to highlight the benefits of the municipal bond market, the tax-exemption, and the importance to restore advanced refundings.

The seminar featured two panels of executives and practitioners ready to defend municipal bonds, including:

Panel I

  • Steve Benjamin, Mayor – Columbia, S.C. & MBFA Executive Chair
  • Kevin Burke, President & CEO – Airports Council International – North America
  • Clarence Anthony, CEO & Executive Director – National League of Cities
  • Alex Wallace, Head of Public Finance – U.S. Bank
  • John Godfrey, Senior Government Affairs Director – American Public Power Association

Panel II

  • Steve Winterstein, Managing Director & Chief Municipal Fixed Income Strategist – Wilmington Trust
  • Liz Clark, Senior Director of Federal Affairs – National Association of College and University Business Officers
  • Pat Luby, Senior Municipal Strategist – CreditSites
  • Matt Letourneau, Dulles District Supervisor – Loudon County, VA
  • Lisa Fedeli, Director of Capital Finance and Debt Management – Port of Portland, OR
  • Marc Farmer, General Manager – Clatskanie People’s Public Utility District, OR
  • Matt Posner, CEO – Impact Coalition

The panelists focused on the impact that municipal bonds play in our daily lives, the economic efficiency of the municipal exemption, and the important role that private activity bonds (PABs) and advance refundings play in America’s infrastructure investment.

MBFA Lobby Day and White House Meeting

In addition to holding the educational seminar, the MBFA coalition held over 40 meetings on Tuesday, September 25th, with key members of congress and their staffs that have influential voices on tax and infrastructure issues. Members of the MBFA’s Executive Committee and legislative task force also visited the Deputy Assistant to the President for Financial Policy for the National Economic Council (NEC) at the White House to advocate to maintain the current law status of the municipal bond tax-exemption and to restore advance refundings. The delegation highlighted that municipal bonds are the original public-private partnership and tax-exempt bonds are used for core local government infrastructure that is the foundation for our nation’s economy.

Fundraiser for Richard Neal (D-MA) – Ranking Member of the House Ways & Means Committee

The MBFA Coalition capped the two-day event with a fundraiser for Congressman Richard Neal who is projected to become the next Chairman of the House Ways & Means Committee if his party recaptures majority control of the House this fall. A strong advocate for municipal bonds, the former mayor of Springfield, MA, reaffirmed his support of MBFA priorities for protecting the tax-exempt status of municipal bonds and the reinstatement of advance refundings.

Additional Information

Handouts from the seminar and Hill day featured the BDA’s recent release of the primer on municipal bond finance: The Municipal Bond Market: Building America’s Infrastructure.

  • You can view a copy of it online here.

Tax Reform: What it means for Main Street, Wall Street, and K Street

Webinar Details

A webinar presentation on the political and economic dynamics of tax reform and infrastructure and how prospective changes could impact municipal bond markets
A recording of the September 21st webinar can be viewed by clicking the button below:

As tax reform discussions persist in Washington with little to no detail, Congress and the Trump Administration push for one major victory by the end of the calendar year in the form of a tax cut or comprehensive tax reform. On Thursday, September 21st, the MBFA held a webinar featuring experts who will discuss the prospects for tax reform, the potential changes to the municipal bond market, and how these changes could impact K Street, Wall Street and Main Street.

Featured Speakers & Topics:


Robert Kyle, Hogan Lovells

  • Will discuss four important signs to look for in the political outlook for tax reform and infrastructure spending



George Friedlander, Court Street Group

  • Will walk us through his latest research (attached) focusing on the economic impact of tax reform and the potential impact on municipal demand



Alan Polsky, Dougherty & Co., LLC

  • Will deliver the “Main St.” perspective on the impact that municipal bond financed projects have on state and local governments and the potential effects that tax reform will have on retail investors


Matt Posner, Neighborly

  • Will moderate our panel and engage panelists and participants through a Q&A



We hope you enjoy the recording of this very important webinar.

For any questions concerning this event, please contact Justin Underwood at justin@munibondsforamerica.org.

Muni Bonds 201

View this event’s recap here.

An Educational, Breakfast Seminar on Tax-Exempt Municipal Bonds

Bonds are the Original Public Private Partnership (P3): A Deeper Dive into Federal Policy Issues

  • The day-to-day impact of the municipal tax-exemption
  • The economic efficiency of municipal bond financing
  • The role of qualified private activity bonds (PABs) in infrastructure, housing, health and education

Date & Time:

Wednesday, June 7, 2017
8:45 am – Guest arrival and Breakfast
9:00 am – Program Begins
10:00 am – Program Ends


Capitol Visitor Center
Congressional Meeting Room North

To RSVP or learn more, contact Rebecca Cooke-Rodriguez at rcrodriguez@bdamerica.org. We encourage you to send someone from your office if you cannot personally attend.


  • Stephen Benjamin, Mayor – Columbia, SC and Chair, MBFA Coalition
  • Jane Campbell, Director, Washington Office – National Development Council and Former Mayor of Cleveland, Ohio
  • Annie Russo, Vice President of Government and Political Affairs – Airports Council International – North America
  • Stephen Winterstein, Chief Municipal Strategist – Wilmington Trust

Breakfast will be served (first-come, first-served)

This event is compliant with Congressional Ethics Rules

MBFA Hosts Muni Bonds 101 Seminar

MBFA Hosts 2016 Muni Bonds 101 Seminar

Taking the Lead to Defend Municipal Bonds
Record Crowds Attend House and Senate Muni Bond 101 Seminars

On Thursday, June 2, 2016, the MBFA Coalition held a “Municipal Bonds 101” seminar on Capitol Hill for congressional staff and interested parties focusing on the importance of preserving the present-law treatment of tax-exempt municipal bonds.

The House and Senate seminars featured a distinguished panel of municipal finance professionals from varying backgrounds who explained the benefits of the traditional municipal bond market to approximately 90 staff from key congressional personal and committee offices.  The panel was moderated by former mayor of Cleveland, OH, Jane Campbell, Director – Washington office of the National Development Council.

Panelists included
  • Steve Benjamin, Mayor – Columbia, SC
  • Scott Giles, President & CEO – Vermont Student Assistance Corporation (VSAC)
  • Bill Carnahan, Executive Director – Southern California Public Power Authority (SCPPA)
  • Tom Gleason, Executive Director – MassHousing and President, National Council of State Housing Agencies (NCSHA)

The education seminars featured an interactive discussion and fostered a great learning environment for key hill staffers. In its fourth consecutive year, the “Muni Bonds 101” seminar has proven to be a key component in an ongoing effort by the MBFA Coalition to educate policy makers and staff on the benefits of the municipal market and the negative implications of scaling back or eliminating the tax exemption on municipal debt.

“Tax-exempt bonds are issued by more than 50,000 state and local governments and authorities and have stimulated investment in infrastructure and other projects benefiting economic growth in local communities for 100 years,” said Steve Benjamin, Mayor of Columbia, SC and Chair of MBFA’s executive committee. This seminar is an opportunity for us to educate Congress on the many uses and vast benefits of municipal bonds for local communities, taxpayers, and investors.”

Additional Information
Handouts from the seminar are available below:
  • Click here for the MBFA letter to Ways & Means Committee Chairman Kevin Brady (R-TX) on maintaining the current law status of the municipal tax exemption.
  • Click here for an MBFA two-pager on how Bonds Build America.
  • Click here for an MBFA one-pager on how municipal bonds promote fiscal responsibility.
  • Click here for a “Glossary of Terms” commonly used when discussing the municipal bond market and tax-exempt bonds.